July 13, 2020

Amorepacific’s net profit dips 31% on increased costs

PUBLISHED : April 29, 2019 - 10:24

UPDATED : April 29, 2019 - 16:00

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

South Korean cosmetics giant Amorepacific said on April 29 that its first-quarter net profit dipped 31 percent from a year earlier on increased costs.

Net profit reached 122 billion won ($106 million) on a consolidated basis during the January-March period, compared with 177 billion won for the same months the previous year, the company said in a regulatory filing.

Operating profit plunged 21 percent on-year to 187 billion won, compared with 236 billion won a year earlier, while sales inched up 1.4 percent on-year to 1.45 trillion won, it said.

The company attributed the weak performance to continued investment in its luxury business as it accelerates its overseas push.

The combined operating income of Amorepacific Group, which includes smaller brands like Innisfree and Etude House, reached 205 billion won in the first quarter, down 26 percent from a year ago.

Sales inched down 1 percent on-year to 1.64 trillion won during the cited period.

By Ram Garikipati and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099